Zayo Provides Business Update and Postpones Analyst Day Event

BOULDER, Colo.--(BUSINESS WIRE)--
Zayo Group Holdings, Inc. (NYSE: ZAYO) (“Zayo” or the “Company”) today
announced that the Company is postponing its Analyst Day scheduled for
March 14, 2019, in Boulder, Colorado. The Board of Directors and
management are currently evaluating strategic alternatives that may
enhance shareholder value. The Company is postponing its Analyst Day to
allow time to explore these alternatives, while retaining focus on
execution and driving organic growth.

“Zayo’s purpose is to provide mission-critical bandwidth to the world’s
most impactful companies. We accomplish this by executing a focused
strategy centered on communications infrastructure. With our deep and
expansive fiber networks in North America and Europe, we play a unique
and compelling role at the core of our customers’ networks,” said Dan
Caruso, Zayo Chairman and CEO. “Whether public or private, this will
remain Zayo’s focus and we will continue to expand the depth and breadth
of our fiber infrastructure.”

The Company will continue to focus on its communications infrastructure
business, which is consistently generating positive operating cash flow,
is growing while delivering attractive EBITDA margins, and is
proactively investing in network expansions in collaboration with its
customers.

The Company notes that there can be no assurance that any strategic
alternative will result from this evaluation. Zayo has not set a
timetable for the evaluation of its options, although it anticipates a
minimum of several weeks to months, and does not intend to comment
further unless it determines that further disclosure is appropriate or
required by law.

About Zayo Group

Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications
infrastructure solutions, including fiber and bandwidth connectivity,
colocation and cloud infrastructure to the world’s leading businesses.
Customers include wireless and wireline carriers, media and content
companies and finance, healthcare and other large enterprises. Zayo’s
130,000-mile network in North America and Europe includes extensive
metro connectivity to thousands of buildings and data centers. In
addition to high-capacity dark fiber, wavelength, Ethernet and other
connectivity solutions, Zayo offers colocation and cloud infrastructure
in its carrier-neutral data centers. Zayo provides users with flexible,
customized solutions and self-service through Tranzact, an innovative
online platform for managing and purchasing bandwidth. For more
information, visit zayo.com.

Forward-Looking Statements

This press release contains a number of forward-looking statements.
Words, and variations of words such as “believe,” “expect,” “plan,”
“continue,” “will,” “should,” and similar expressions are intended to
identify our forward-looking statements. No assurance can be given that
future results expressed or implied by the forward-looking statements
will be achieved and actual results may differ materially from those
contemplated by the forward-looking statements. These forward-looking
statements involve risks and uncertainties, many of which are beyond our
control. For additional information on these and other factors that
could affect our forward-looking statements, see our risk factors, as
they may be amended from time to time, set forth in our filings with the
SEC, including our 10-K dated August 24, 2018. We disclaim and do not
undertake any obligation to update or revise any forward-looking
statement in this press release, except as required by applicable law or
regulation.

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About Zayo Group

Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure solutions, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 130,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud infrastructure in its carrier-neutral data centers. Zayo provides users with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth. For more information, visit zayo.com.